Decide if the coin operated laundry business is right for you- Consider the necessary financial commitment and financing options
- Determine a return on investment
- Properly analyze the laundromat business.
If you are thinking about an investment in the business or have recently purchased a laundry you will want to learn the laundry fundamental.
Investors in the coin operated laundry industry take advantage of a basic need, one that stays in demand. The Coin Laundry Association reports the average return on investment for a coin laundry business is above 30% in the first year! To make matters more interesting, coin laundry businesses enjoy an unparalleled average lifespan, with almost 100% still in business after 10 years.
People need clean clothes. Restaurants need clean linens. In today's society, cleanliness is required! Problem is: people these days just do not have the time to spend on laundry. That's why they put such importance on efficient performance of these basic tasks. Coin laundries provide the perfect solution for people pressed for time, especially those who do not want to spend extra money on dry cleaning.
Coin laundry owners who offer wash-dry-fold and bundle services can further capitalize on this need for time. By instituting a drop-off service, for example, laundry owners create another very profitable revenue stream for their business. Laundries that incorporate several creative business practices find an even greater sustained income and higher profitability.
Coin laundry owners operate in a variety of different ways.
- Second Income - Many operators successfully use their laundries as a second income source, since they do not require the daily attention that many less profitable businesses demand. These operators enjoy the steady cash income, the lack of receivables, the low maintenance requirements and the constant demand for their product.
- Full time single sites - Many operators simply invest in a laundry as their sole business income. This is especially true for persons who have retirement income or other income flow.
- Multiple sites - Other investors work in the coin laundry business full time, operating many stores at once. These operators replicate specific formulas that consistently produce high returns and great personal income.
Regardless of style, all owners understand the value in this cash-based, asset heavy business when it comes time to sell to another investor.
A commercial coin laundry business can provide an excellent return on investment. Laundryinvestment.com helps investors with the process from the initial business plan to an on-going profitable and efficient laundromat operation. 
